Common use of Change of Control Payment Clause in Contracts

Change of Control Payment. During the Employment Period, if within twenty-four (24) months after a Change of Control, the Executive’s employment is terminated by the Company without Cause or the Executive terminates his or her employment for Good Reason, then the Company shall pay the Executive his or her Accrued Benefits. In addition, subject to the signing of the Separation Agreement and Release by the Executive and the Separation Agreement and Release becoming irrevocable, all within sixty (60) days after the Date of Termination:

Appears in 6 contracts

Samples: Executive Agreement (Aspen Aerogels Inc), Executive Agreement (Aspen Aerogels Inc), Executive Agreement (Aspen Aerogels Inc)

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Change of Control Payment. During the Employment Period, if within twenty-four (24) months after a Change of Control, the Executive’s employment is terminated by the Company without Cause or the Executive terminates his or her employment for Good Reason, then the Company shall pay the Executive his or her Accrued Benefits. In addition, subject to the signing of the Separation Agreement and Release by the Executive and the Separation Agreement and Release becoming irrevocable, all within sixty (60) days after the Date of Termination:

Appears in 2 contracts

Samples: Executive Agreement (Aspen Aerogels Inc), Executive Agreement (Aspen Aerogels Inc)

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